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Sandrine A. Kablan and Jean-Philippe Boussemart
''Bootstrapping efficiency scores of microfinance institutions in West African economic and monetary union''
( 2015, Vol. 35 No.4 )
We used a Data Envelopment Analysis bootstrap approach to compute the efficiency scores of Microfinance Institutions in the West African Economic and Monetary Union (WAEMU). Our results indicate that our efficiency scores are much lower than the original DEA scores. Indeed, the MFIs had an average score of 63.61%, suggesting that efficiency could be improved by 36.39%. There were also significant efficiency disparities among WAEMU member states, with the maximum value in Burkina Faso at 71.51% and the minimum value in Benin at 52.04%. The sizes of these MFIs did not seem to impact their efficiency levels. However, the ages of these MFIs did impact their efficiency levels: MFIs with less than 10 years of experience displayed the highest levels of efficiency. Additionally, the type of MFI also impacted efficiency levels: credit unions were the most efficient followed by Non-Governmental Organizations and then Non-Bank Financial Institutions.
Keywords: DEA Bootsrap, Microfinance efficiency, outreach, West African Economic and Monetary Union.
JEL: C6 - Mathematical Methods and Programming: General
G2 - Financial Institutions and Services: General
Manuscript Received : Jun 01 2015 Manuscript Accepted : Oct 16 2015

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